In the News

CAN BEHAVIORAL SCIENCE HELP IN FLINT?

January 23, 2017 | The New Yorker

But, for all the field’s potential, its advances seemed mostly to have served the private sector. (And there they often veered toward sly consumer coercion.) A prominent exception was the “nudge,” a notion advanced by the legal scholar Cass R. Sunstein, now at Harvard Law School, and the University of Chicago behavioral economist Richard Thaler, in their 2008 best-seller “Nudge: Improving Decisions About Health, Wealth, and Happiness.”

Why mobile customers are better off under democratic govts

January 21, 2017 | Live Mint

A recent paper by Mara Faccio and Luigi Zingales, professors of finance at Purdue and Chicago universities, shows that government intervention in telecom markets is a common phenomenon in most countries.

For Donald Trump, Challenges Lurk in a Sturdy Economy

January 19, 2017 | The Wall Street Journal

Some economists say such intervention may be savvy politics but make markets less efficient. “We would expect such behavior from a dictator of a banana republic, not from the president-elect of the oldest democracy in the world,” said Luigi Zingales, a finance professor at the University of Chicago Booth School of Business.

How College Football Brings in Big Money for University Research

January 19, 2017 | Chicago Magazine

One of my favorite new data sets that illustrates this is in a recent working paper co-written by the University of Chicago’s Thomas Wollmann, an economist who works at its Booth School of Business. It correlates 40 college football teams’ performance in the AP poll (a weekly measure of how good the teams are compared to others) over 14 years with their colleges’ success in raising research funding (via this great dataviz roundup).

Trump's sponsorship strategy creates a climate of fear

January 19, 2017 | Welt.de

(Translated) Five years ago, Luigi Zingales predicted the victory of Donald Trump. But his colleagues just laughed. How did Zingales, a professor at the prestigious University of Chicago, come up with the idea? Perhaps because he is an economist - he argued that the weak economic growth encouraged the rise of populists.

3 MBA Admissions Trends You Need to Know for 2017

January 19, 2017 | Business Because

In many cases, schools like Harvard Business School are asking only a single MBA essay question. Some schools, like Chicago Booth, have gone even further in setting aside the traditional essay question for an alternate format.

US-China trade war could get ugly pretty fast: Rajan

January 16, 2017 | CNBC

Raghuram Rajan at The University of Chicago Booth School of Business talks about the prospects of a trade war and central bank independence.

Why these economists say the usual explanation for the financial crisis is wrong

January 16, 2017 | The Washington Post

Mian and a colleague, Amir Sufi at the University of Chicago, have argued that banks, confident they had a way to manage the risks, disproportionately increased lending to poor borrowers. To make their monthly payments, these households began skimping on other expenses, slowing the pace of economic activity overall.

Fed Tightening Eases Stimulus Pressure Globally, Rajan Says

January 3, 2017 | Bloomberg

The Federal Reserve’s plan to further withdraw support for the U.S. economy will ease pressure on other major central banks to keep up their own “aggressive” monetary stimulus, former Reserve Bank of India Governor Raghuram Rajan said.

Face time with strangers can boost economy

January 1, 2017 | The Sydney Morning Herald

But research by Nicholas Epley, of the University of Chicago's Booth School of Business, and Juliana Schroeder, of the University of California, Berkeley's Haas School of Business, shows our instincts are wrong.